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Tamilnad Mercantile Bank Ltd
Tamilnad Mercantile Bank Ltd

About Tamilnad Mercantile Bank Ltd

Tamilnad Mercantile Bank Limited (TMB) is a bank headquartered at Tuticorin, Tamil Nadu, India. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. For the financial year 2015-2016, the bank reported a net profit of 4021 million.The bank currently has 487 full branches throughout India, ten Regional offices and eleven Extension Counters, six central processing centres, one Service Branch, four Currency Chests and 1015 Automated Teller Machines (ATM).The bank has been expanding its footprint all over India.

TMB was rated as the fastest growing Private Sector Bank continuously for the five years from 2010 to 2015.[8] It was also rated as the Best Bank in the years 2013, 2014 and 2015, due to its robust growth.[8] During the years of 2015 and 2016 it did total business of 529 billion rupees.The bank's planned outlay for the financial year is to reach business worth 600 billion rupees, add an additional 24 branches, and increase its ATMs to 1150. The bank has won the Lokmat BFSI Best Private Sector Bank 2014-15 award.

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